The Multi Level Marketing Product – Is Yours the Right One?

The Right Multi Level Marketing Product – What to Look for And What to Avoid

Choosing the best MLM opportunity for you involves many factors. Whatever the network marketing company sells is just one element that you really need to examine . . .but it is an extremely important one. . .

According to Darren Falter, author of “How to Select a Network Marketing Company” and the top network marketers that he interviewed. . .there are 7 qualities that are absolutely essential for a multi level marketing product to bring you success.

You might already know in the back of your mind what these qualities are but it’s always better to put them down in black and white.

1. Is the product consumable? This could very well be the most important point in the whole list. It may seem obvious but it’s surprising how many network marketing products are NOT consumable. Ask yourself. .will the product you are selling be used (and used up) on a regular basis? Or is it something that you buy once and it lasts forever? You want to pick something that you can sell again and again to the same customers. Some products are more consumable than others and that’s fine. Just make sure that your multi level marketing product is used on a regular basis.

2) Is the product or service emotional? Does it stir up feelings of excitement and enthusiasm? Many network marketing goods represent people’s needs. But, although they may not realize it, most people are more likely to buy what they really want than what they really need. Vacuum cleaners are necessary. . .but are they exciting?

3) Is the multi level marketing product suitable for the direct sales model? Or do consumers usually go to retail establishments for this type of good? If your product isn’t traditionally sold in the direct sales model, it might create some difficulties for you in your business. If people are not used to purchasing the product through direct sales, you’ll more than likely have a hard time getting them to change their minds now.

4) Does the multi level marketing product stand out in any way? Does it have a unique angle? A good item should be unique. . .but it has to be unique in a believable way. If something seems too good to be true, it’s probably worth it to do a little extra research. What makes a product unique? Things that contribute to a product’s uniqueness include whether it is the first on the market, if it has a patented ingredient or trademark, a celebrity endorsement or even a out-of-the-ordinary type of packaging.

Is the multi level marketing product hugely popular right now? Timing is everything. Don’t be fooled into thinking that it’s better to start selling a product before it’s really popular or to keep selling a product that has lost its luster or appeal in today’s economy.

6) How stable is the multi level marketing product? How long has it been around and how long will it last? An MLM that’s been in business for at least 5 years is a pretty safe bet. Don’t be fooled by promises of more potential with a start-up company. They are also the most likely to have problems and fold.

7) Do people perceive the multi level marketing product to be worth what they pay for it. . .or even worth more than they pay for it? Would they buy it in a retail store at the same price? The product must have value.

The multi level marketing product is just one factor that should contributes to your decision about joining a network marketing company or sticking with the one you are with currently.

You’ll find lots of network marketing companies whose products pass the test above. Put a quality multi level marketing product together with the other important elements for success in network marketing and you’ve got the basic layout for a profitable business.

Direct Marketing Products – Good, Better, and The Best

When a home business owner is considering which direct marketing products they want to sell several questions should come to mind:

1. How much manual labor is involved per sale?
2. What are the operating expenses for my business?
3. If my goal is X amount per month, how does that break down?

I Didn’t Work This Hard For The Man

Running a business demands work, but the home business community all agrees that we’re after a certain lifestyle. We want the time with family and friends that our job makes impossible.

Setting aside the time it takes to set everything up, what sort of time demand will my new business ask of me daily?

Different home business opportunities will insist you only need to spend 2 hours per day but no two people work exactly the same way.

If we understand what we’ll have to do in advance, our own estimate would probably be more accurate. When we have the advantage of a working system or model it is easier to break down the daily tasks, which makes it easier to anticipate how long each will take.

Why Am I Still Losing Money?

Direct marketing products require some type of advertising either by mail, email or online. While advertising can be expensive, there are many ways to promote our products with little to no cost.

Some companies pay thousands in advertising to generate millions in profits. We can expect a ratio based on our advertising and our return on investment.

It’s important to advertise without overspending. Setting the budget limit per week or per month should prevent this from happening.

What Financial Return Do I Need Per…

We usually set our goals for a new business on a per month basis to follow billing cycles. This amount needs to be broken down into daily goals. By holding ourselves accountable to the activity necessary to reach daily goals, we’ll reach the monthly goal.

For instance if we need the business to generate $10,000.00 per month, we’ll need at least 2500 per week and 500 per day on a 5 day workweek.

If I know this prior to deciding which direct marketing products to sell, it’s easier to answer my other two questions.

The Good Products

Using an online store or website, any number of common products can be sold through the drop shipping method. This is also true for many MLM businesses.

Profits are calculated on the difference between our price and the purchase price. Shipping can either be added to the customer’s price or reduced from our profits. Either way we can calculate how many items per day we would need to sell in order to reach that $500.00 goal.

In the case where the items we sell have a wide range of prices, we might need several months to determine an average order. When we have the average we’d know how many orders per day are needed to reach our goal.

The Better Products

Any item that can be downloaded, whether we created the product or not, has a more profitable margin for several reasons:
a) No inventory costs, storage costs, manufacturing costs etc…
b) No importing, exporting or shipping costs are necessary.
c) Cost per item is usually low enough to attract more buyers.

Owners of intellectual products make it a point to tell prospective marketing affiliates the profit margin on their material.

Business for e-books is booming because most marketing professionals understand how to quickly setup campaigns to move these resources. Every one of these direct marketing products represents a unique income stream; most are capable of reaching our monthly goal on their own.

The Best Products

The top tier isn’t simply reserved for items that cost a lot and produce generous income to the marketer. These are the products that perform.

Whether in the form of a physical product, a membership or an investment, these products are typically designed for increasing wealth.

People aren’t going to buy top tier products unless they have faith that these products will benefit them far beyond the purchase cost. These products stand upon a proven track record, not the endorsement of late night infomercial actors.

Finding What We’re Looking For

The law of attraction is at work for these products for two reasons:
1. The people who want them are already prepared to meet the cost.
2. Once the marketer has managed to introduce these products to the people who want them, their work is done.

Not everyone has the self confidence necessary to act upon their desire for great wealth. Most people are too timid to overcome the purchase price. The marketer can do nothing more than bringing together the people who want a product, with that product.

Tips For Evaluating Affiliate Marketing Product

It is indeed one of the quickest ways of making money. Yes, we are talking about the affiliate marketing software. It helps aspiring internet marketers to reach out to their prospective client base and promote their products.

Once the aspiring internet marketer chooses any particular online marketing niche, the next important thing that he needs to do is choose the product. If you conduct research on the affiliate programs, you will come across a list of products.

Given below are few tips on how you can compare different products for internet marketing:

· Find out about the merchant. Ensure that the merchant is of good repute and preferably has no complaints against his service. If at all there is a complaint, then they should be very few. Also, find out if there is any negative review against his product. It is, however, important that you read the whole review, as though some reviews may look negative, but they are actually promoting the product.

· Next, look out if the affiliate product also offers other promotional materials. It is rather a common practise for internet marketing products to provide ads, promotional materials like newsletters and brand-able e-books and other products which can be used to promote the web marketing product. If these products are being offered, then make sure that you evaluate their quality.

· Check if the product will give you credit for the sale if a prospective buyer buys the product later. It is rather common for a person to consider the purchase of a product, look for alternatives all around the market and then come back to buy the same product. Also, check if there is a newsletter sign up in the sales letter. If yes, then only will your affiliate identification be carried through.

· Next, you need to check if the prospective client signs for the newsletter and later buys the product through the newsletter, to who that sale will be accredited to. You get these details from the program manager. But there is another way. You can enter the site through an affiliate link and then also sign up for the newsletter. You can buy an evaluation copy using the newsletter link and check if the sale is accredited in a proper manner.

· It is important that there is customer information available. You can generate further sales through the same customer by sending further offers and ‘thank you’ notes which help develop customer loyalty. If you do not have the email address of the client, you may end up losing the customer to someone else. Thus, you will have to begin the complete sales process with a new customer. This is why many times you will come across internet marketers who offer 100% commission on a particular product.

You will find that a great product may not always fulfil all these criteria, but with some extra effort it can still be a good product.

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